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View Diary: Austerity: Plot to Reduce Working Conditions And Wages to Those Prevailing in Asia And Latin America (21 comments)

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  •  We are in Bill Clinton's recession, and... (2+ / 0-)
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    Ray Pensador, aliasalias

    ...it started with both.

    Bill Clinton was the champion of financial "reform" which allowed this bubble to build and bust, and

    Bill Clinton championed NAFTA and the other trade agreements that allowed manufacturers to gut the American middle class and begin the race to the bottom that we are seeing played out now.

    So the inevitable recession happens, which Bill Clinton enabled, and we can't employ ourselves out of it because Bill Clinton opened the floodgates and ruined American manufacturing. Thanks to him, and the Republicans he allied with to do it, we don't have the manufacturing base to fall back on, like we did in World War II to grow our way out of the Great Depression.

    That "Giant Sucking Sound" Ross Perot warned us about, it didn't just come from beneath the desk of the Oval Office...

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